Home Depot Sales Fall 3.6% as Consumers Spent Less on Renovations Amid Economic Concerns
Home improvement giant Home Depot reported a lower-than-expected sales growth, citing rising interest rates and consumer concerns about the economy. The company’s CEO, Ted Decker, attributed the decline to consumers spending less on home renovation projects due to increased pressure from high interest rates. According to Decker, the heightened macroeconomic uncertainty has led to reduced … Read more